What is Stellar Memo

Memo is a unique numerical code generated together with the XLM deposit address. This is an extra piece of information that helps determine to what account a given transaction should be assigned and credited.

Note: Please include Memo with every Stellar transaction. Otherwise, it might lead to permanent loss of your funds. If you have already made a transfer without or incorrect Memo, please immediately contact our support team at support@coinloan.io.

How to deposit XLM

Web platform

⠀⠀1. Log in to your CoinLoan account or sign up if you have none.

⠀⠀2. Go to Wallet > XLM > Deposit.

⠀⠀3. You will see all your deposit details (QR code, address, and Memo) to copy and paste them.

XLM deposit — Web platform

Mobile app

⠀⠀1. Open the CoinLoan mobile app on your Android or iOS device.

⠀⠀2. Go to the Wallet module.

⠀⠀3. Choose XLM and tap the Deposit button.

⠀⠀4. You will see all your deposit details (QR code, address, and Memo) to copy and paste them.

XLM deposit — Mobile app

How to withdraw XLM

Web platform

⠀⠀1. Log in to your CoinLoan account.

⠀⠀2. Go to Wallet > XLM > Withdraw.

⠀⠀3. Enter all the required details: amount, recipient’s address, and Memo. The address and Memo are generated in the wallet you send your assets to.

XLM withdrawal — Web platform

Mobile app

⠀⠀1. Open the CoinLoan mobile app on your Android or iOS device.

⠀⠀2. Go to the Wallet module.

⠀⠀3. Choose XLM and tap the Withdraw button.

⠀⠀4. Enter all the required details: amount, recipient’s address, and Memo. The address and Memo are generated in the wallet you send your assets to.

XLM withdrawal — Mobile app

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